US-based MRI Software has announced that it has bought Real Asset Management, well-known in the housing sector for its asset management and component accounting software.
Patrick Ghilani, chief executive officer, MRI Software, said, “Housing providers face the same challenges as other sectors around compliance and regulations related to asset management. By acquiring Real Asset Management, with whom we’ve enjoyed a close partnership for many years, we can leverage innovation in asset management and deliver a comprehensive, integrated solution for our existing customers at the same time as expanding into new markets.”
MRI said that its existing integration with RAM will be enhanced to deliver a comprehensive fixed-asset accounting solution for the overall property sector that enables MRI’s affordable housing, commercial property and residential customers to better manage accounting, maximise tax benefits, improve compliance and increase the financial return on their assets.
George Snelgrove, chairman, Real Asset Management, said, “There is an enormous amount of synergy between MRI and RAM, as evidenced by the success of our long-standing partnership. Our team will be joining a fantastic organisation with tremendous talent, insight and reach while bringing its own capabilities for serving any major market sector that requires an asset or facilities management solution.”